LONDON, 28 June 2016: Banks, airlines and carmakers are among the industries in Britain to have been left especially exposed following the uncertainty created by the country’s decision to leave the European Union.

NEW DELHI, 31 March 2016: Debt-laden Indian tycoon Vijay Mallya has offered to pay back some of the estimated USD1.3 billion he owes in unpaid loans, lawyers told a New Delhi court Wednesday, in a case that has gripped the country.

The founder of the now-defunct Kingfisher Airlines, who is being chased by a group of mostly state-run banks over the unpaid debts, left India earlier this month.

A lawyer for Kingfisher, C. S. Vaidyanathan, on Wednesday submitted a repayment plan to the Supreme Court proposing to give back 40 billion rupees (USD603 million) to banks by 30 September. Read more

YANGON, 20 October 2015: Myanmar businesses ranging from restaurants to golf clubs have until the end of next month to stop charging in US dollars, the central bank announced in a snap move to stabilise the kyat currency.

Banks and official moneychangers will still be allowed to exchange dollars for the local currency, but a host of firms, many in the service sector, will have to return their permits.

The special licences enabling firms to convert US currency will be revoked to combat “dollarisation”, the Central Bank of Myanmar said in a statement.

HONG KONG, 24 September 2015: Weaker growth in China this year is expected to cause a slowdown in the rest of Asia, the Asian Development Bank said earlier this week as it became the latest major body to revise down its forecasts for the world’s number two economy.

It also warned central banks to prepare for an expected Federal Reserve interest rate rise, with many nations already seeing huge capital outflows as dealers look for safer US investments.

The report comes as markets have been hit by extreme volatility driven by fears over the Chinese economy — and its leaders’ management of it — after last month’s surprise devaluation of its Yuan currency.

YANGON, 8 May 2015: Myanmar Tourism Federation will establish a Myanmar Tourism Development Bank as part of a plan to support the tourism industry.

Eleven Myanmar media reported the federation had made a proposal to establish a new bank that would grant low-interest loans to tourism related companies.

Myanmar Tourism Bank managing director, Thein Tin, was quoted saying: “We have submitted the license application for the bank. It will be approved this month. After that, we hope to establish the bank in June.”